Mississippi § 75-24-161 - Provisions not permitted in rental-purchase agreements.
Full text of Mississippi Mississippi Code of 1972 Annotated § 75-24-161 — Provisions not permitted in rental-purchase agreements., with citation guidance and answers to common questions.
§ 75-24-161. Provisions not permitted in rental-purchase agreements.
A rental-purchase agreement may not contain: A confession of judgment; A negotiable instrument; A security interest or any other claim of a property interest in any property except that property delivered by the lessor pursuant to the rental-purchase agreement; A wage assignment; A waiver by the consumer of claims or defenses; A provision authorizing the lessor or a person acting on the lessor’s behalf to enter upon the consumer’s premises without permission or to commit any breach of the peace in the repossession of property; A provision for a late charge or any other type of charge or penalty for reinstating a rental-purchase agreement in addition to a reinstatement fee; however, a lessor may use the term “late charge” or a similar term to refer to a reinstatement fee; or A provision for more than one (1) reinstatement fee on any one (1) periodic payment regardless of the period of time for which it remains unpaid.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 75-24-161
What does Mississippi Code of 1972 Annotated § 75-24-161 cover?
Section 75-24-161 ("Provisions not permitted in rental-purchase agreements.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 75-24-161?
A common citation format is "Mississippi Code of 1972 Annotated § 75-24-161" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 75-24-161 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.